Registered Charity No: SC007691 CHURCH OF SCOTLAND GLASGOW PRESBYTERY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Glasgow Presbytery Referonce and Administrative Information Charlty Name: Church of Scotland Glasgi)w Piesbytery Principal Office and 260 Bath Street Operational Address. Glasgow, G2 4JP Charity Registration Number: SC007691 Trustees (see pages 26 to 29 for fulllislj Office Bearers.. Audltors,. Wbg {Audill Limited Ilomierly wYe & Nssel IAudrt} Limited) 168 Bath Street, Glasgow, G2 4TP Bank&rs: Bank ol Scotland 54-62 Sauchiehall Street Glasgow. G2 3AH Solicitors: Tke Chirch o, ScodGnd _aw Department 121 Ge Street Edintwrgh, EH2 4YN Investment The Church of Scodand Investors Trusl Managers 121 Geixge Street Edinburgh, EH2 4YN
Glasgow Presbytery Trustees, Report for the year ended 31 December 2024 The Trustees are pleased lo present their retx)rt tether wlh the finanoal statements of the Charity for the year ended 31 December 2024. Office Bearers The offi Bearers serving during the year and since the year end are delaid on page1. Trustees On the diredion of the Law Departrment of the Churth of Scxjuand, Presbytery has decided that the Charity Trustees comprise all Ministers in the Presbytery. including retired Minislers, and a number of Elders drawn from all the congregations in the Presbylery, together with the Dexons occupying a partsh appointment or any other tM)sl that would enlille a Minister of Word and Sacrament lo membership of Presbytery, The names of the Tiuslees who were members of the Business Commillee, the Stewardship & Finance Commillee and the Stalling Committee on the dale this report was approved or in the retM)rting penod are listed in the Referen and Adminislralive Information sectiorb on page l. A full list of Ttuslees aptEars on pJJes 2610 29. Struclure, Governance and Management Governing Documenl The Presbytery is an unincorporated associats'on, administered in &cO[dan wilh the Acts and Regulations of the Church of Scolland and ils Standing Ordets. Appointment of Tiuslees Each cOngregatn in the Presbyleiy is represented by Ihe Minister and one Elder. In adilion, Presbylery shall elect one elder in respect of each retired or exlra-parochially employed minister who is entitled lo a seal in Piesbylery, and may elect a numtrEr of addiliDnal elders not in excess ol one-third of the number of congregations within its bounds. Such elders shall be thosen from any lfjrk seSn wiihin the tounds. Ministers and Deacons become Trustees on appoinlmenl lo theii postwthin the psbY1ery and have a light lo relain their seal until they decide lo resign. Elders are appointed annually for the tErKJd lo the end of the following June and are eligible for reelection. In relalron to Offe Bearers, the Moderator of the Presbytery of Glasgow is ected by the Presbytery and the P$bytery Cletk and Treasurer are 3pp(inted after suitable interview. Trnslee Indudion and Training Truslees are asked lo familiarise themselves wlh their duties and reSnsibIlitIeS ono appointed, The Presbytery Clerk and Treasurer are also asked to familiarise themselves wilh Iheir duties and responsibilities, with an overlap FEriod also, il possible, arranged with the previous holders of these posls. As a reminder, the Presbytery issues a summary of the General and SFecific Duties of Ttuslees lo all Trustees each year, In addilion, each year, the Business Cornmittee indudes a sessK)n giving gUKlan lo the Standing Committee Conveneis on budgets, conduct of Committee meetings, dealitus with the Presbytery Office and conduct of Presbytery meetings. Vice Conveners are encourajed to attend the session to ensure they are also 3waie of procedures Trustees are encouraged to attend appropriate training events where these will lacilitale the undertaking of Iheir role. Organisationsl Struclure The Presbytery is chaiied by the Moderator and meets 7 limes a year for ordinary business and al such other limes as is required. 11 delegates areas of responsibility lo a numkr of o)mmittees including the Business Cornmillee which has a co-ordinaling role. The Presbytery is led by unpad volunteers and we pay Iribule lo Ihe many men and women who devote countless hours lo the work of the Presbytery, Members are asked lo complete a form each yeat indicating the skills 8nd ex[rien they wouhj be able lo bring lo any committee on which they would like lo serve which assists the Nominations Committee ensure appropriate appointments.
Glasgow Presbytery Trustees, Report for the year ended 31 December 2024 Relaled Parties The Church of Scotland, part of the Holy, CalholiG and Akx)Stolic Church, is the Nabonal Church in Scotland, recogrbised by the Stale bul independent in spintual matters. Pay PolKy for Key Management Personnel All key management personnel are Trustees. Only the Presbytery crk and his depute receive remuneration. Their salaries are agre by the Trustees in the light of Comparab posts within the Central Offices oflhe Church of Scolland. Risk Management The Trustees have a risk management strategy whith comprises: an annual review ol the principal risks and uncerlainlies that the charity laces; the est8blishmenl of pjltcies, systems and procedures to mitKJale those risks identified in the annual review, and the implemenlalion of procedures designed lo minimise or manage any potential impact on the charity should those risks malerialise. The Tiuslees cOnseT the key risks lo te a failure lo m&1 the required regulatory standards a loss of key personnel a bad PR incident Risks related to standards lor data protection, health and safety, safeguarding and financial reporting elc. are managed by ensuring relevant accreditstton is up lo dale, having robust pK)IleS and procedures in place, and regular awareness training for staff and memlers wotking in these areas. While the size ol Presbytery and the work of the Nominab'ons Commillee mituales aaainsl the effect of the loss of an Ir1VIdUal person as regards the work of Presbylery. the continuing drop in the number of ministers increases the number of vacancies in parishes with resultant problems. The Mission, Pioneering and Planting Committee as successor lo the Slr21egic Planning Committee continues to furthei the mission of the Church through the work of congregabons by the development and strategic deployment of ministerial resources and steps have been taken, across Scouand, to encourage more people lo enter training for the Ministry with the Minisliies Committee having responsibility for recruilmenl al a Presbytery level. The Church of Scotland has a Media Policy and a team based in Edinburgh which advises on media mallers. Covid requiied significant changes in how Presbytery operated in 2020-21 but we were pleased lo able lo reporl that adaptations were possible lo enable il lo lunclion salisfaclDrily through eleclronic melhods, as opposed lo the traditional face lo ffe fflelhods, vthen required arml Zwm nelIngS are now a common feature in thè life of Pre5bylery. Objectives and Activities The Presbytery of Glasgow is the largest Presbytery in the county. and tuen1Y has 116 parishes. 11 involves ¢hurthes in deprived inner-cily areas, the city ntre, suburbs and ouUyitvJ towns and villages. Ils primary function is lo exercAse a leadership role which wll enable and support congregations in their calling lo be the people of God in Iheir own localities. 11 promotes and co-ordinates stralegies for mission and service lo the community,, stewards resources Iwple, buiklings and moneyl- exercises a ministry of encouragement, supeNision and pasloral support of congregations and [SOnnel., promotes a deeper fellowship within Presbytery wlh other local churches and in the worfd churth; develops posibve links with local authorities and other bodies and Iransacls all necessary business of a Court ol the Church.
Glasgow Presbytery Trustees, Report for the year ended 31 December 2024 A full list of the Presbytery's commillees and their remits logether with details ol all the congregations can be found on the Presbytery's website. Grant Making Policy Presbytery supports Faith in Community Scolland, in ils work wth Church ol Scotland wngregalions within the bounds, and GraOW Churches Together. The Evangelism Fund makes grants available to congregatKins within the Fxiunds towards the cost ol mission work and grants are also made to divinity students from two Bursary Furnls, further details of which are included in Note 6 and 1610 the financial statements arKI the Church of Scolland Year Book. The Emergency Fund, created in June 2020. has also given giants to many congregations since then ID assist with meeting costs arising from requirements re operating in churches. Achievements and Perfomiance Piesbylery has offered oversight and leadeiship during the year lo support local congregations as they participate in mission, pnncipally in areas of outreach. resource depk)ytnent and governance. The major task during the peri has continued to be facililaling imFlemenlalion of ihe Mission Plan approved in July 2023. AI the end of the kEfi(xJ, around one quarter of necessary adjustments lo confomi to the Mission Plan had been completed, Work is UndeaY in a significant number ol clusters of cnngregations ID enable further adjustment in the coming period. Presbytery completed, as required, the first review of the Mission Plan in Novefflber 2024 and has created prosseS lo enable further rewew as required by Ihe Ad as arnended by subsequent Assembly decisions. The work of the Strategy Offir, Shona M&kay, is particulaty valued in this area. Subslanlial lime effort has been devoted by Presbytery members, comrnittee members anLI staff to SUPPK)rt congregations lo addiess adjuslmenl challenges. The release of buildings has also proved demanding. Presbytery has found that its reconfigured cL)mmillee structure is enabling decision making around implemenlalion of the Plan. New forms ol ministy and expressions of worship and setvice are being seen and are encouraged principally Ihrough the Mission, Proneellng and Planting commillee and supported by the Pioneering and Planti[ CrdInat0r, Heather Thorp. Several successfiJ1 conferences have enabled ideas and enthusiasm lo be shared whilst the resource of Seeds for Growih has seen the early development ol several polenlially significant missional enéeavours in diffeienl parts of Presbyiery. Fu(ther possible projects remain in the course of invesligalion. Three ministers were inducted to charges in 2024, h¥0 of whom translated frLyn other charges within Presbytery, whilst three serving minislers were inlr(KlUd to aljusled charges Seven ministers demitted charges lor a variety of reasons excluding translalion. 15 Minislry Developtnenl Staff IMDS} were working in various posts in the Presbylery al the end of the year. The work of Dr Marie Cooke in providing pasloral support lo MDS slafl, offering direct line manement for MDS when needed, and conlribuliNJ assistance, guidan and training to others acting in line management roles across Presbytery and the wder Church has teen effective and worthwhile. The sIrli0n on calling ministers only lo charges which confotm lo the Mission Plan has resulled in some 46 charges from 107 congregatiotts being vacant al the end of the year, a slight increase in the number and proportion of vacancies over 2023. Each vacant congregation is supported by an Interim Modeialor who is generally a minister serving in another parish, while the servKe of appropriate non.ministerial memt£rs of Pfesbylery as Interim Moderators is gratefully knOwledged. All who conhnue lo serve in these roles some loi a prolonged period, do so wilh the gratitude of Presbytery which amink%lers the appointments scheme,
Glasgow Presbytery Trustees, Report for the year ended 31 December 2024 Periods of rxolonged vacgn naratIOnS have re1rrCed the inyoriance of work carried oul by the Vacant Charge Enabler ho has Clinued, in some challenging sibjations, lo enable vacant congregations lo assess their piesenl situation in light of Ihe approved Mission Flan and lo ppaff for the future which. in many cases, involves adiuslmenl an(J al times the leiting go of mlh-knved church buildings. Presbytery, at the invitation ol One cluster ol wngregations, provided suptjort for a buildings ralionalisation proposal. Negolialing adjLElmen15 amongst wngregaliJn5 has proved b) be c4)mplex and lime-cfjnsuming. Nonetheless ten adjustments ol varying types ivere completed "uin. the ear the fruit of much painstaking effort frequently undertaken by the CongratiOnal Facililalor. lork conbnues lo implement the Mission Plan through adiuslments. Having an 8ppioved Mission Plan, PStsylery has renfigured Local Church Review processes, information gathering and reporting methods and the work of cavryillg out visits lo congregalions for Ioc81 church review purpose5 has begun. The first full retK)rt was male to Presbytery in No¥ember 2024. Presbylery knefits from the insight and care of ihree part-lime PasiLYal Advise(s. All Fosts remained filled during the year, and allowed support lo Ministers, Dea-ons aid others wilhin the Presbyleiy Ex)undaries ID be provided on a confidential basis upon requesl. Spilllual Fomiatv)n Adviser, has wntinued to olfer a helpful programffl8 of groLtps, retreats an" other OplInI11es whh enable lime and intention to be devoted to enriching inner lrfe. Records of cong ations were inspected at a principal session In March witr follDW up meetings. Administered by the Treasurer and &lministralor and 5UPPOrted by vdunteer inspectors, this gives support 10 orrice LEarers lo pr(Kluce and keep r6Yords lo a good slandaid, which in turn promotes gocd governance and accountability. Congiegalional accounts continue lo be receival 2nd scrutinised by Presbytery as part of the ChUh'S Designated Religious Chari slalus and SUPFx)rt Is provided by the Stewardship and Finance committee 8nd, in speeific cases, by the AcuntIng Adviser lo enable Congregatior lo fulfil their Iwslee and financial rep)Ib'ro requirements, The amended system of congregational financial contribution lo Ihe natsonal minislry ol the Church conlinueg lo be inlr(MJuced, Presbytery provided a lian5ilion pathway and endeavoured lo addres5 legacy issues Induding the recoveiy of sums due lo Presbytery which been retained by the national agencies as a result of congregational shortlalls. AEnded congregational contributions permitted an increase lo the Strategic Spend Fund of some £244k in 2024 vilh an additional rx)lential sum of £80k lo be realised in thè event that lim@ous rep8ymenl of oulslanding conlnbulions under the former scheme are made. The continuing generosity ol congregations who contribute lo the work ol the Church of Scouand is gratefully re[ded, with the vasl majority of contributions payable by the year end havirwJ been received. Presbyteiy is largely fund8d through the payment of Presbyiery dues by congregal'ons on a sliding scale according to congregational literalily. All contributions were paid as requesteij and the continuing financial support of congrggaknons to Presbytery's work is deeply appreciated. The complaints system administered by Presbytery ajdressed iwo matters In 2024. Presbytery resources ministry exercised amongst children. families and icun3 people, and which $ coordinated by the Children, Family and Youth Development CcK)rdinaloi. Several conlerenc£s, some ecumenical, were held duiing the year over 35 congregations ¥.'eie >LPPOrted to develop their childn, family and youth ministry. A national Messy Church cy)nference was h(6le(i in partnership wlh the presbytery and Youth representation at Ihe General Assembly was encouraged, online resourL%S continue to L£ maje available, and ntact with a range of Chrislian youth and Uniform organisalions is maintained throughDuI the year. in man
Glasgow Presbytery Trustees, Report for Ihe year ended 31 December 2024 Presbylery has encouraged and suprK)rted membets of congregations to train and be CreIl as worship leaders. 4 were acCd11ed in 2024 bnnging the lolal number of such worship leaders. who are in the main aUtrISed lo lead wotship &ross Presbytery. lo 33. No Ordailled Local Ministers were introduc£d lo cwJregabons in Ihis year, though Presbytery is encouraged tD welcome one candidate in Iraining for this ministy- Four students for Ministry ofword and Sacrament continue to besupermsed and encouraged through the Ministry Committee and Presbytery administers Ihe Park Memorial and Morgan bursaries to prowde supporl as appropriate. Slud?nts compleling their fourth plaEment along with ministers from other denominations concluding their Church ol Scoland famili8risation who have teen unabb lo secure a Gharge have ten supported in ministry in various settirys across Presbytery. 81Most wholly in presently vacant congregations. This provided both encouraging ministry and oppoilunibes to widen expErien¢E. It is aniKipal&J this provision shall conlinue until 2025, Presbytery provided small grants to enable k)cal Missi( work, 8nd staff held or aanged several seminars and meetings lo provide inlomialion on asFects of the Mission Plan pr($ and ils consequen$ and to support congregations lo appty for Seeds for Growth funding made availatle by the nalional Church lo develop innovative mission projects. p sbytery continues to work ecumenically wilh other denominations through Ihe Church Leaders Forum 3nd through involvement wilh a number of services and other events. Presbytery is also represented on the Forum of Faiths Urer the auspieÈ8 of Glasgow Council and the Moderator has taken opportunilEs lo engage with leaders of faith Iradilions rosS the city in adition lo participating in civic even& and ecumenical services throughout the year. Presb ler cJn'.ilLI-s I- tro)I'.ho secretary of Glasgow ChUrCS Together and is ennched by the full parl ils Secretary plays in in the slaff team. Presbytery CA)nlinues lo support ',hE ¥VOtk of ils four projects - the L(KlgitvJ House MissKJn, Church House, Glasgow Ihe Caring Cily and The Well Mulb-culra1 Resource Centre . and hears from lime ID lime regarding Iheir worf(. The arlnpr)hi Jilh the Di(Kese ol Hyderabad remains under review and lenI eroagemenl with the Bishop. has been encourwJing. The Presbytery Offi st8ff conkn'nue to provide advice and assistance, SUPFOrt and encouragernenl on a daily basis bolh in person in the Offi wemises and by phone and email, wlh speafic advice and infomialion provhled up)n requesl by the Presbytery Clerk. SuptK)rt for Presbylery commillees and full ting5 of Presbyiery conb'nues to tE proved, both in person and onlin&. Presbytery papers are published limeously lo enable wnsi evelopmgnls in visuaj presentali nol ro Jials hos continued and the leajership of lor the first parl of Ihe year wit or the second has deepeneo cl cofiieAI ol mulJai respect, developing friendships £nd c-n.ern 10 5upwtt cne another in challenging bmes. This has all been lo Presbytery's benefit in progressing ils work. Presbytery conbnues to support the national work ol the Church ihrough frequent engement with rMMIttee Mem15 and staff in many deparlments, All rÉyuests for norninations to $2Ne on national cornmillees which have been ceived by Presbytery have been met positively. Offers lo accomm(xJate st3ff members worf(ing lemwraiily in Glasgow have (Kcasionally ken taken up. Convenient and effective video conferenTr provision thin the Office has enabled remote attendance al meetings. The Prosbyiery Clerk, cx)nlinues io monilor Presbyleiy s prCSseS and develop appropriate responses both as Ihe<e arise and through a rnore inlenbonaj and planned pr(yJramrwE ol revEw as well 8$ by engagiry wilh lleague Presbytery Clerks and national trds.
Glasgow Presbytery Trustee5' Report for the year endad 31 Docember 2024 Presbytery's Proty committee continues lo ensure the safe and appropriate maintenance of clKJrches, halls, manses and other properties and has been SignifanY Involv in the challenging dlSIOnS which informed the Mission Plan and which now fall to be implemented. The committee its members offer congregations and Presbytery 8UPPOrt ag difficult questions are raised and decisions on church buildings madc Thc dcdicalion of committee trEmLErs and the profession8J suppoil given by Presbyiery Building Officer are appreciated. The Staffing committee continues lo ovetsee all those employed by Presbylery and has conlinued lo review praclices. Induction and regular sJtErvi8ion of slaff is carried out undei ihe comrnittee's oversight and regular tneelings of Ihose working in the office enables rmrdinalion ol rk. mLrtual support and oppcKlun(ty for weekly shared worship Presbytery continues lo provKle training wuired for Safeguarding purtoses and ensutes Staff and minislers prior to induction are members of the Church Prolec1ion of Vulnerable GToups scheme. Presbyleiy staff have been heavity involved al the request of the national Safeguarding service in Scfuiinising congregational Safeguardi ng registers lo remove names inappioprialely retained. The assstance of Presbytery Safeguarding Trainers in Ihis lask, which though demanding w85 cfjmpleted within imposeé lime limits, Is gratefully noted. Presbytery acts as data controller and provides advi to cOngrallonS in respect of dala protection requiremenis as well as fulfilling ils own oblatiOnS. To this end its Bu&ness committee has recently Eviewed data prolect policies which shall be propM)se(I lo Presbytery in ewly course. A risk register was approved by Presbytery. Against a bkdrop of reducing nuberS of members and finance, Presbytery wnlinues lo support prenl practices as well as encourage radiGal ihinking lo COnfIgUre ministry lo enable missiDn IhrDughoul the Presbytery. In all this, the inlenlv)n is to supp)rt all coThJregations lo trE pec4)le of the Way of Chfisl. Financial Revlew The iesulls lor the year are shown in the Statement ol Financial Ach'vilies PaJe 13. Overall, there w8s a net inoie8se in ndS li.e. a surplusl of £339.715 for the year ended 31 DecunLEr 2024 (2023. £164,1681. The movements carb be explained as follows: 2024 2023 Budget surplusl{deficil) Overspend on salaries Reduction in Slialegic Spending transfei Underspend on Committee eXpSe5 Underspend Dn Ministry Supp)rt Legacy Received from dissolution of church Invellmenl income- differen compared wilh budget Nel savings on other nomal running costsfincome Funding from National Churth for Ministry SuppK)rl Fund - inouennial Survey - differen between costs and 10-year average knrKling Strategic Spending - difference ktween hjnding and actual stend Depreciation charge ie Chuich House Other movernents on Reslricled Funds Gain in the market value of invesknenls 2,952 (1,2261 136,9891 9,191 126,6961 11,9771 141,5491 5,980 20,000 1,500 16,307 10,610 9,159 20,OCK) 11,819 133,559 {14,2051 16.4581 25,119 19,521 13,135 13,691 303,29) 114,2051 13,0131 33,408 rotal incresse in Funds 339.715 164,168
Glasgow Presbytery Trustees, Report for the year ended 31 December 2024 The increase mprISed movements in the various ty&Es of lunds. as shown in notes 15 to17 of: 2024 2023 Endowment Funds Restricted Funds Unrestricted Funds 10,444 (8.4211 337,692 8,166 113,786) 169,788 Tolal increase in Funds as per SOFA (Page 13) 339,715 164,168 Principal Funding Sources The prinapal funding is from an annual levy on cOngationS ¥wlhin the Presbytery based on their ability lo pay calculated from information received from the Church of Scouand's Stewardship and Finance Department. The principal expenditure has been on staff and other expenses lo enable the Presbylery lo cary out its supervisory and minIstrative functions together with grants and othei SUPFN)rl for its charilable activities, Investment POIY Under the powers given by the Church of Scotland {Properbes and Inve5trnenlsl Older Confirmation Act 1994, the Piesbylery is permilled lo invest in the Church of Scotiand Investors Trust. Currenlly the Presbytery only has holdings in the Crowth Fund. This fund is very largely equily-based aKI is intended for IDng-lerm investment. The fund is operaled on a unilised basis and aims lo provide capital growth. Units can be purchased or sold monthly. Income is distribuled gross in May and November. The Fund is professionally managed by Newton Investment Managewnenl Limited, bas in London. Ethical considerations fomi an integral part of the investrnenl manennt Pr(e and the Trust is a member of the Church Investors Group {CIGI, an ecumenical grouping of Churches and other charrlable investors which lobbies companies and investment ffianers to encourage them to Pufsue rrK)re ethiol policies. Investment is avoided in any company whose managemenl practices are judged by the Ttusl&s lo k un&ceplable. Investment is avoided in companies whose turnover is more than 15% involved ir) gambling, tobacco, alcohol, armaments and other activities which are felt lo hatm soaety more than ihey benefit it. The yield on the Church of Scotland Inveslors Trust Growth Fund units was 2.21CA12023- 2.14%). The market value of the units rose during the year Irom £5.8310 £6.38 (Pri al end of 2022- £5.40). Reserves PoIY The Trustees have examined the requirement lo maintain free reserves and have Concluded that the most appropriate level of serveS lor the chanly lo hold is between 6 and 12 mnlhs of operational expenditure. Based on the current level of expenditure this would amunt to beiw&n £140,CK)O and £280,000 exclusive of deSnated funds. However, in 2015, the Presbylery decided to extend its support to local congreg3tions in respect of financia5 management, local church reviews. protkrty management. youth work and a spirilijal direction programme for ministries al a cost of circa £ItMJ,CM)O per annum. This has Iradilionally en accounled for in the Strategic Spending Fund, funded through use of the Presbyiery's Minislries and Mission allowCe but this method ol funding ceased at 31 Decemtrkr 2023. As a resull of the ssatiOn, as reported last year, Presbytery look steps lo maximise the balance available induding giving congregations an allowance towards Iheif 2024 Givin910 Grow allocation offset by an equivalent increase in Presbyleiy Dues of £244,631 which has been credited lo the Fund this year. This, logether with core funding 01 £126.000, has seen the balance he by the Fund inciease from £3C6,790 to £610,L>IO which should ensure Ihe K)rk caTh continue for several years. Al 31 Dember 2024. the charity had a balan in its General Fund of £448,87912023 - £428.1281. The increase is due lo a favourable investment tErformance.
Glasgow Presbytery Trustees, Report for the year ended 31 December 2024 The Quinquennial Survey Fund serves to even out the cost of sutveys over a 10-year cyde and the b212n held depends on the 1n1 in the cycle. A Covid Emergency Fund was rJealed in June 2020 as a resull of Government reslricb'ons. Initsally sel up lo assist congregations meet the costs ol re-opening aller the first lockdoym il was expanded in December 2020 but, fortunately, there have been few calls on il since then. A Ministry Support Fund was sel up during 20ZJ wilh Ihe Nationa Churth giving funding of £20,000. In addition, the Presbytery holds a number of reslricled funds. as delailed in Note 16, which were crealed under specific lerms and conditions. An Endowment Fund is also held as detaed in Noie 15. Trustees, Responsibilities The Iruslees are reswnsible loi prèparing Ihe Truslees, Annual Report and Ihe financial slalemenls in accordance with applicable law and United Kingdom Accounting Slandards Iuniled Kingdom Generally Aceepied Accounting Practi) The law appIable lo chanbes in Scotland reqUIS the trusl*s lo prepare financial slalemenls for each financial year which give a true and lair view ol the siale of affairs of Ihe charty and of the incorlling resources and application ol [esouT$ of the charily IDI that pericxl. In prepariNJ these financial slalements, the Iruslees 8re required lo selecl suitable accounting wlicies and then apply them consistently., observe the methods and principles in Ihe Charities SORP., make judgments and eslimales Ihal are ieasonable and prudÈnt', slate whether applicable ac£ounling slandards have bn followed, subject lo any material departures disdosed and explained in the financial slalemenls,. and prepare the financial statements on the going cOr[n basis unless il is inappfopriale lo presume that Ihe charity will continue in business. The Iruslees are reswnsible for keeping adequale accounbng recoids that disclose with reasonable accuracy al any litlle the financial position of the charity and enable them lo ensure that the financial slalemenls comply wlh the Charities and Trustee Inveslmenl Iscofiandl Act 2(M)5, Ihe Charities Accovnls Iscollandl Regulations 2006 las amended) and the provisions of the charily's conslitulion. They are also responsible loi safeguarding the assets ol the charity and hence lor taking reasonable steps for the preveniK)n and detection of fraud and other irregularities. This report has been preparÈNJ in acWr{ian with ItE S131emenl of Recommended Prtt. Accounting and Reporting by Charities IFRS 1021 leffeclive 1 January 20191 Statement of Disclosure to the Auditor In so far as the Trustees are aware.. there is llo relevant audil information ol which the charity's auditor is unaware,. and the Iruslees have taken all steps Ihal they oughl lo have laken to make themselves aware of any relevant audit information and to establish Ihal the audilor is aware ol that information ro¥ip.fl 4v Ihp Tp.Is+pp8 28 Fehry 2n26 ¢innoA nn I01r h&h)If
Independent Audltor's Report to the Trustees of Church of Scolland Glasgow Presbytery for the year ended 310ecember 2024 Opinion We have audited the financial statements of Church of Scolland Glasgow Presbytery (the 'charity'l for the year ended 31 st December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial stalemenls, including a summary of significant accounting F)olicies. The financial reporting framework thal has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted AcUnting Practice). In our opinion the financial statements.. give a true and fair view ofthe state of the charity's affairs as at 31st December 2024, and of its income and expenditure, for the year then ended have been properly prepared in accordance wilh Unrted Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for opinion We conducted our audit in accordan with International Standards on Auditing (UK) IISAS (UKI} 2nd applicable law. Our resF)onsibilities under those standards are further described in the Auditor's responsibilities for the audit ol the financial stalemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfi1Sed our other ethical responsibilities in accordance with these requirements. Vve klieve Ihal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparal'on of the financial slalements is appropriate. Based on the work we have performed. we have not identified any material UnrtaInlieS relating to events or conditions that. individually or collectively. may cast significant doubt on the charity's ability lo continue as a going concern for a period of at least e1ve months from when the financial statements are aulhorised for issue. Our responsibilities and the responsibilities of the trusteeswith respect lo going concern are described in the relevanl sections of this report. Other infomlation The other information comprises the infomiation included in the Report and Financial Statements, other than the financial slalemenls and our auditorfs report thereon. The Iruslees are responsible for the other information contained within the Report and Financial Slatemenls. Our opinion on the financial statements does nol cover the other infomation and, except to the extent otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion Ihereon. Our responsibility is to read the other infomiation and, in doing so, wnsider whether the other information is materially inconsistenl wilh the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material tnisslatemenls. we are reqLJired lo determine whether this gwes rise to a material misstatement in the financial statements themselves. If, based on Ihe work we have performed, we conGlude that there is a material misslatement oflhis other information, we are required to report that facl We have nothing lo report in this regard. io
Independent Auditor's Report to the Trustees of Church of Scotland Glasgow Presbytery for the year ended 31 December 2024 Matters on which we are required lo report by exception We have nothing to report in respect of the following matters in relalion to which the Charities Accounts (Scotlandl Regulations 2006 requires us to report to you if, in our opinion.. the information given in the financial slatemenls is inconsistent in any material respect with the trustees, report., or proper accounting records have not been kept,. or the financial statements are nol in agreement with the accounting records., or we have not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement set out on page 9, the trustees are responsible for the preparation of Ihe financial statements and for being satisfied that they give a true and fair view, and for such internal conlrol as the trustees determine is necessary to enable the preparation of financial statements that are free from material rnisslalement, whelher due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Gharily's ability to continue as a going concern, disclosing, as applicable, matters related lo going concern and using the going concem basis of accounting unless the Irustees erther intend to liquidate Ihe charity or to cease operations, or have no realistic allemative but to do so. Auditor'5 responsibilities for the audit of the financial statemonts We have been apF)oinled as auditor under section 44(1 Ilc) of the Charities and Trustee Investment (Scolland) Act 2005 and report in accordance with theAct and relevant regulations made or having effecl thereunder. Our objectives are to obtain reasonable assuranrE about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assuran, bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always delect a material misstatement when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in Ihe aggregate, they could reasonably be expected lo influence the eGonomic decisions of users taken on the basis of these financial stalements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularitie5. including fraud_ The specific procedures for this engagement and the extent to which these are capable of detectsng irregularities, including fraud is detailed below.. Extent to which the audit was considered capable of detecling irregularities including fraud We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform aLKlit procedures response to those risks, including obtaining audit evidence that is suffiGient and appropriate to provide a basis for our opinion. In identifying and assessing the risks or material misstatements in respect of irregularities, including fraud and non-complian wilh laws and regulations we considered the following., The nature of the chanly, the environment in which it operates and the control procedures implemented by management and the Irustees." and Our enquiries of management and Irustees aboul theIrentification and assessment of the risks of IegUla"t1e8. Based on our understanding of the charity and the sector in which rt operates, we identified that the principal risks of non-compliance with laws and regulations related lo. but were not limited lo., Regulations and legislation pertinent to the charity's operations." and The charity's constitution. li
Independent Auditor's Report to the Trustees of Church of Scotland Glasgow Presbytery for the year ended 31 December 2024 We considered the extent to which non-compliance might have a material impact on the financial statemenls. We also considered those laws and regulations which have a direct impact on th8 preparation of the financial statements. such as the Charities and Trustee Investment {Scolland) Act 2005, and the Charities Accounts (Scotland) Regulations (as amended) 2006. We evaluated management and trustees. incentives and opporlunilies for fraudulent manipulation of the financial statements linc1Ling the risk of management override of controls), and detemiined that the principal risks were related to. Posting inappropnale joumal entries Audit response to the risks identrfied; Our procèdures lo respond to the risks identified included the following,. Gaining an understanding of the legal and regulatory fran7ework applicable to th& charity and th6 seGtor in which il oper8les.- Reviewing financial sÈalement disclosuS and testing lo supporting documonlation lo assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial sfalements.. Enquiring of managemenl. tmslees and legal advisors conceming actual and potential litigation and claims.. Re8ding minutes of meetings of those charged wilh govemance,. In addressing the risk of fraud as a result of management override of controls, testing the appropriateness of journal entries and other adjustments.. and, evaluating rationale of any significant transactions that are unusual or oulside the noimal course ol operations. Revigw ofjoumals included, but was not limiled to Ihe following areas.. Depreciation, Wages and salaries, Prepayments and other debtors and Olher credito. We also communicated relevant identified laws and regulations and potenlial fraud risks to all engagement team members, and remained alert to any indications offraud or non<ompliance with laws and regulations throughoLrt the audit. Because of the inherent limitations of an audit. there is a risk that we will not deleGt all irregulartties, including those leading to a material misstalement in the financial slatemenls or non-complian with regulation. This risk increases the more that compliance with a law or regulation is removed from the evenls and transactions reflected in the financial slalements. as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves inlenlional concealment, forgery, collusion. omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's website at https.Ilwww frc.org.uklOur-WotklAudiUAudrt-and-assurancelStandards-and- guidancelslandards-and-guidance-for-auditorslAudilors-responsibilities-for-audiUDescriplion-of- auditors-responsibilities-for-audit.aspx. This description forms part of our auditor's report. Use of our report This report is made solely to the charily's trustees, as a body. in accordanrR wtth Regulation 10 of the Charilies Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might stale to the charity's trustees those matters we are required to stale to them in an auditor's report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report. or for Ihe opinions we have fonned. Uk, (A.40)LL4 Wbg (Audit) Limited (Statutory Audilor) 168 Bath Street 28 February 2025 Glasgow G2 4TP Vvbg (Audit) Limited is eligible to act as an audttor in terms 1212 ofthe Ccrnpa8Acl 2. 12
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Glasgow Presbytery Balance Sheet as at 31 December 2024 2024 2023 Notes Fixed assets Tangible fixed assets Investrnents 10 11 582,437 387,528 595,642 354,120 9,965 950,762 Current assets Debtors Deposits Mlh Church of Scotland Inveslois Trusl Cash at bsnk arnd in hand 12 267 95,955 848,500 399,094 548.500 278,187 1,247,861 923.642 Creditors: Amounts falling due within one year 13 {18,3331 (14.6261 Net current assets 1,229,528 909.016 Net assets 2,159,493 1.859,778 Funds Endowment funds Restricted funds 15 16 121,5&8 710,949 111,112 719,370 Unrestricted funds Designated funds General Fund 17 17 918,109 448,879 601,168 428,128 1,3&5,988 1,029,296 Total funds 2,1YJ,493 1,859,778 Approved bi. Ihe Business Committee on behalf ol the Trustees and signed on Iheir behalf 14
Glasgow Presbytery Statement of Cash Flows for the year ended 31 December 2024 Funds 2024 Funds 2023 Cash flows from operating activities.. Net cash provided by operdling activrfs (see below) Cash flows from investing activities.. Dividends, interest and rents from investments 386,482 113,857 34,425 19,935 Nel cash pn)vided by investing aclivilies 34,425 19,935 Change in cash and cash equivalents An the year Cash and cash equlvants al the tEginning of the year 420,907 826,687 133,792 692,895 Cash and cash equivalents at the ènd of the year 1,247,594 826,687 Reconciliation of net incomellexpenditure) to net cash flow from operating activities Funds 2024 Funds 2023 Net income for the year Adjuslmenls for.. Depreciation charges (Gains) on investments Dividends and inleiest from investments Decreaselllncrease} in debtors IncreasellDecreasel in creditors 339,715 164,168 14,205 (33,4081 134,4251 96,688 3,707 14,205 126,1191 119,9351 111,3381 17,124} Net cash provided by operating activities 386,482 113,857 Analysls of cash and cash equivalent 2024 2023 Cash in hand Deposits with Church of scollar Investors Trust 399,094 848,5CH) 278,187 548,500 Total cash and cash equivalents 1,247,594 826,687 15
Glasgow Presbytery Notes to the Financial Statements for the year ended 31 December 2024 1. Accounting Policies The principal accounting pOIleS, whh have Lwi applied c(S1$1enUY in the cutrenl and preceding year in dealing with items which are conSered malenal to the wxounts, are sel out below. Basis of preparalion The accounts have LEen prepared under the historical cost convenlDn. modified lo reflect the inclusion of inveslmenls al market value. and in accordance wth applicable accounting stand2rds, Accounting and Reporting by Charities,, St81emenl of Recommended Practice 4)plicable to chaiilies preparing their accounts in &cordaN with the Financial Reportirg Slandard applicable in the UK and Republic of Ireland (FRS1021 leffeclive1 January 20191. the Charities and TNslee Inveslmenl (Scollandl Act 2005 and the Charities Accounts {Scollandl Regulations YX% las atllendedl. Presbytery meets the delinib'on of a public tEnefil entity under FRS102. The Trustees consider that there are no material uncertainties abjul the Presbytery's ability to conb'nue as a going concem. Funds Unrestricted Funds are those exrkndable in furtheran of any objective of the Presbytery. Designated Funds are unresl(icled funds earmarked by the TrLFslees for particular purposes. Reslricled Funds are subjecl lo restrictions imposed by the dotw (K the lemis of an appeal. Expendable Endowmenl Funds are Capital funds where the Trustees have discretion to convert the capital into expendable income. Income recognition All income is recogni5ed when the charity has enlillemenl to the funds, any perfomiance ndItIOnS allached ta the ilemlsl of income have been mel, it is probable that the income will be received and the amount can be measured reliably. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon nolifutson of the interest paid or payable by Ihe bank. Dividends are rec¢gnised once the dividend has been declared arKI notification has been recewed of the dividend due. Expendituro rgcognition Liabilities are recognised as expenditure as soon as there is a legal construCtive obligation commilling the charity to that expenéiture, il is probable that settlement I11 be required and the amount of the obligation can èe meaSUrj reliably. All expenditure is accounted for on an accwals basis. All exSeS including support costs and governan costs are allocated or apportioned lo the applble expenditure headings. Grants payable ale payments made lo third parles in the furtheran of the chaiilable objects of the Presbytery. In Ihe case of an LJncA)ndilional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation thal they will ieceive the one-year or mulli-year grant. Grant awards that are subject lo the recipient fulfilling performan conditions are only rUed when the recipient has been notified of the grant an(i any iemaining unfulfilled condilK)n attaching lo that grant is outside ol the control of the Presbytery. The Presbylery is rL)t registered for VAT and expenditure therefore includes irrecoverable input VAT. 16
Glasgow Presbytery Notes to the Financial Statements for th6 yèar ended 31 December 2024 1 Accounting Policies (continued) Tangible fixed a¥$ets Individual fixed assets costing £5,OCN) or more are capilalised at cosl atvj are depreciated over their eslimaled useful economic lives on a slraight-line basis as follows.. Freehold buildings 50 years FixbJre5. fittings and office equipment 4 or 5 years Operating leases Rentals paid under operaling leases are charged to the slalenEnt of financial tivItieS. The obligation lo pay future rentals on operating leases is shown by way ol a te lo the Accounts. Investments Inveslrnents are slated at market value at the balan sheel dale. Unrealised gains and losses iepresenl the differen between the market value al the teginning and end ol the financial year or, if purchased in the year, the differen treeen cost and markel value al the end ol the year. Realised 98ins and losses iepiesenl the differen betWn the prLxeeds on disp)sal and the market value al the start of the year or cost if purchased in the year. Employee Benefits The ¢osls of short-lem employee tenefits are rerLJgnII as a liability and an expense, unless those costs are required lo be rec(xJnised as part of Ihe cx)sl of sk or fixed assels. The cost of any unused holiday enb'uemenl is CogniSed in the Fericll in whh the employee's seNices are received. Temiinalion benefits are recognised immediately as an expEnse when the chaiity is demonstrably commilted lo terminate the employment of an employ or to provide tern7inalion benefits. Taxation The Presbytery is recoJnised as a charity foi the putrx)ses of applicable taxation legislation and is therefore nol subject lo taxati( on its charitable aGlivities. 2. Key Accounting Estimates and Areas of Judgement In preparing Ihe financial slalemenls, the Twstees are required to make estimates and assumptions which affect the reported income, expenditure, assets and liabilitses. Use of available inlormalion and application of judgment are inherent in the lormalion of eslimales, together with past experience and expecl8lions of future events that are believed lo be reasonable under Ihe circumstances. Actual results in the future could differ from each estimate. The Truslees are satisfied that the accounting p)licies are appropriate and applid consistently. Key SoUS of estimation have been applied as follows: Depreciation- The only significant asset which is being dewecialed is Church House, built in 2016, and the Trustees believe il is appropiiale lo CntInUe with Ihe use of a useful economic life of 50 years. 17
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Glasgow Presbytery Notes to the Financial Statements for the year ended 31 December 2024 7. Staff Costs and Number5 2024 2023 Salaries and wages Sacial Security costs Other pension costs Car allowan 182,544 178,829 10,883 31,305 31,970 960 227,035 221,977 In addition, the Faith Action Programme Leajership Team pa the costs of Ihe CO[08110nap Facilitator, the Strategy orricer, the MDS Support Offir, the Vacant ChaJge Enabler, the Pioneering 2nd Planling Coordinalor and the Congregational Support Offi[ lolalling £186.322 {2023- £166,699). These are Ministries Devek)pmenl Staff posts which were aJreed in the Pie5bytery Plan with Ihe emplDymenl o)sls falling to be mel by the Faith Action Programme Leajership Team. Within the Charity there was no employee whose lolal employee benefits (excluding employer pension Contribut)nSI exceeded £60,000 in 2024 (2023. - none). The aver3Je nurnber ol employw durrng Ihe year was 10 (2023-10). 8. Trustees, Remunération and Related Party Transactions All key rnanagemenl kErsonnel are Trustees. Only the Presbylery Cler* Deple received iemunerats'cfft". Cost 2024 Total Clerk Oepute 2023 Total Clerk Depute Salary Social Security cosls Pension wsls Car Allowan S6,8 6,636 11,246 960 11,651 1.721 1.4 67,879 8,357 12.702 960 53,932 6,33) 10.710 9fA) 10,794 1.588 1,456 64,726 7.908 12.166 960 75,07D 14.828 89.898 71,922 13,838 85,760 In aldili¢J), Adviser. received £4,80512023 £4.576) foi his services as a Pasloral Care The cost of the employee benglils ol £45,21412023-£32.570) and o - £41,474). 7 trustees and I re131ed party We reimbursed enSeS loklling £7.370 in resppcl of normal Iravel and subsislence12023.. 5 and 1 £7,171). Trustee indemnily insurance of£163 {2023- £1461 was paid duiTng the year. No tSlee or any person related lo a trustee had any personal interest in any cx)nlract or transacb'on entered into by the charily during Ihe year, other than Ihose disclosed above. During the year, the Presbytery received no dDnalions from Imslees12023 - £nill. as Congr83alKinal Facililalor: amounted lo ar Vacant Charge Enabler: amounted lo £45,87912023 20
Glasgow Presbytery Notes to the Financial Statements for the year endod 31 Decemb6r 2024 9. Pension costs The Presbytery OFerates a defined contribution pension scheme in res1 of its employees. The pension charge represents conlritNJlions due from the Presbytery and amounted to £30,51412023 £29,849). At the year-end oulslanding contributions lo personal pensi plans IDtalkd £nil12023- £nill. The Presbytery also contributes to the Main Pension Fund of the Ministers and Overseas Missionaries Scheme of the Church of Scotland in respecl of112023-1) of the Ttuslees. Originally a defined benefit scheme il was closed lo futu accrual after 31 DecEmber 2013 and a defined contribution scheme opened for service thereafter. Payments during the year amounted to £1,45612023 £1,456), No contributions were outstanding al the end of the year {2023- £nill. No FRS102 disdosures are induded in Ihese financial statements as all seNice is post 2013, 1D. Tangible Fixed Assets FixtuS Land and fillings 8uikJings and Iieehokl equipment Total Cost At1 January 2024 Acquisitions Disposals Al 31 Dernber 2024 712,282 2,923 715.205 712,282 2,923 715,205 Depre¢iatlon At l January 2024 Charge lor the year Eliminated on Disp)sal At 31 DÈrember 2024 115,640 14,205 2,923 118,563 14,205 129,845 2,923 132,768 Net book value Al 31 December 2024 582,437 582,437 Al 31 December 2023 5%.642 596,642 The heritable property owned by the Presbytery is held for a TrUMr of historical purposes and not for investment purposes. The cost of the properly at 31 December was.. 2024 2023 Lodging House Mission, Glasgow lestimatedl (Disponed lo Church of Scotland in 19321 Chijrch House Bridgelon {buill 20161 2,000 2,000 710,282 710,282 712,282 712,282 21
Glasgow Presbytery Notes to the Financial Statements for the year ended 31 December 2024 10. Tangible Flxed Assets (contd.) The Lodging House Mission and the initial Church House were transferred to Presbylery from the Church of SlIand Ministrie5 Council on 1 January 2008 al nel tKK)k value l£nil). Church House in Boden Sl. was sold lo devekjpers in 2016 and an alnI site in Q[ Mary St. purchased from them. A new Church House was consfnjcled Ihereon by Church House, Bridgeton ISCIOI, funded by giants from the Scollish Government and the General Trustees. Tiue lo the new buikding is held by the General Trustees for beh(x)f of Presbytery and &cordingly il has been treated as a donated asset. The Lodging House Mission Icharily no. SC017283) and Church House, Bridgelon {SCIO} (charity no. SC0391121 have the righl lo iJ* the properties in petUIty free of rent. Both charities are responsible for meeting all fabric and day lo day iunning and management costs. 11. Fixed Asset Investments Market value Church of Scotland Investors Trust Growih Fund (Inveslmenls listed on recognised slock exchanges) Cost 2024 2023 387,528 354,120 179,462 179,462 Movemènt in Investments arkel value al 1 January Nel gainsl{lossesl on revaluation al 31 Dec£mber Market value al 31 DecemLEr 354,120 33,408 328,001 26,119 387,528 354,120 12. Deblors 2024 2023 Other debtors 267 96,955 13. Creditors 2024 2023 Other taxes and social security cosls Accruals Other creditors 4.235 13,551 547 4,101 10,525 18,333 14,626 14. Commitments- Operatlng Leases 2024 2023 Payable within one year Payable between two and five years 3,586 5,378 4,292 8,964 8,964 13,256 22
Glasgow Presbytery Notes to the Financial Statements for the yoar ended 31 December 2024 15. Endowment Funds Balance al Gainlllossl 1 January Incomirg Oulg(yTrJ on 2024 Resour Resources wbeslments Transfers Balance al 31 Decerllber 2024 Park Memorial Fund 111,112 10,444 121,556 Analysis ofEndowment Funds for the Previous Year Balanc8 81 l January Inoyning Outgoing 2023 Resou R8sources Avn¢sInlS Transfe G8in/lloss) Balance al 31 Decemb61 2023 Park MemorialFund 102,946 8,166 111,112 Puwcise offunds Park Memorial Fund- Provides bursaries to tenefit divinity sludenls fr(Mn the Presbytery. 16. Restricted Funds Balan al Gainllh)ssl 1 January Incoming Ojtgoit on 2024 Resourc&s Resoutces u1vestts Transfers Balance al 31 December 2024 Parf( Memorial Revenue Reslricled Fixed Assets Fund Evangelisrll Fund Sunday Sch(K)l Association Trust Morgan Bursary FurKJ Pioneer Ministry Fund 1.184 596.642 95,040 1,140 6,856 18,508 2,745 {2,0) 114,2051 2,1ei) {1,8LK)) 8,797 (1,050} 5,041 13,0001 716 {5,8251 1,929 582,437 104,197 90 8,897 13,399 719,370 10,662 {27,8801 8,797 710,g49 Analysis of RestricledFunds for the PrevK)us Year Balance at l January Incomirw Othgoing 2033 Resour R8sources weslfNts Transfers GaKrf{lossJ BalanGe al 31 Dmber 2023 Path Memori81 Revenue Reslricted FixedAssels Fund Evangelism Fund Sunday SchoolAssocialion Tnisl Morgan Bursary Fund Pioneer Ministry Fund 2,778 610,847 89, 719 2,240 3.001 24,571 2,406 (4,000) (14,205J {3,475) 6,87T (1,100) 5,855 (2,000) 7.038 (7.101) 1,184 596,642 95,040 1,140 6,856 18,508 1,919 733,156 t1,218 (31,881) 6.877 719.370 23
Glasgow Presbytery Notes to the Financial Statements for the year ended 31 December 2024 16. Restricted Funds (continued) Pupose ofFunds Reslricled FixedAsspts Fund- The Fund reflects the nel tKM)k value ollhe LcrfJgiro House Mission and Church House Bridgelon properties. (see nole 10). Evangelism Fund - The Fund meets the cost of rtain mission wotk carried out by the Presbytery including a contribution lo the Sunday School AssocAalk)n Trust. Sunday S¢hool Associalion Tntsf- The Fund was sel up lo benefft Sunday sch19 in the Presbytery, Morgan Bursary Fund- The Fund deals wlh income reiVed from the Merchants House of Glasgow that is allocated annually lo divinity sludenls. Pioneer Minislry Fund- The Fund supports a ministry to the wsijal arts community in Glasgow. 17. Unrestricted Funds Balance al GainlUo&sl 1 January In¢omirKJ ChJtgiNr on 2024 Resources Restsu nlments Translers Balance al 31 DeGember 2024 Designated General Fixed Assets Fund Quinquennial SUeY Fund Strategic Spending Fund Emergency Fund Ministry SupFXJrt Fund 217,050 50,CKX) 136,3091 306,790 388.995 (85.745} 57,328 230,741 610,040 57,328 20,000 General Fund 601,168 438.995 1122.054} 428,128 242,7g) 1236,2081 14,167 918,109 448,879 1,029,2% 681,785 1358,2601 74,167 1,366,988 Analysis of Unreslricled Funds forlhe Previous Year Balan al l January In(xwnmg Owng 2023 Resourw Resources i1ve&trlS Transfers G8wV(lo&*) Balanc& at 31 Dec&mb&r 2033 Designated Gener81 Fixed Assels Fund Quinquennial Survey Fund Strategic Spending Fund Emergency Fynd Ministry Support Fund 205.231 50.000 (38.181J 173,230 225,945 (92,385) 57,328 217,050 306, T90 57,328 20,000 20,000 General FtJrKI 435, T89 295,945 (130,566) 423, 719 239,478 (246,145J 11,076 607,168 428,128 859,508 535,423 (376, 711) 11,076 1,029,296 24
Glasgow Presbytery Notes to the Financial Statements for the year ended 31 December 2024 17. Unrestricted Funds (continued) Purpose ofFuTS GeneralFixedAssets Fund- holds the general assets ofthe Presbytery (those not held within reslricled funds). 11 equales to the nel book value of the assets in the Fund. Quinquennial SuNey Fund- provides lor the cost of the quinquennial surveys required by Act Xll 2007 of the General Assembly. Strategic Spending Fund - crealed to provide extra paid support for congregatrons in specific areas approved by Presbylery including financial management, l(Kal church reviews, PrOrtY management, youth work and a spiritu21 direction programme for ministries. Emergency Fund- initially sel up in June 2020 as the Covid Emergency Fund lo assist congregations meet the cleaning costs of reopening churches after the first l(Kkdown, the fund was expanded lo enable it, on aplatiOn, lo assist congregations expeiiencing parttcular hardship. Ministry Support Fund - serves lo support 0)nggatIonS facing specific short-lerm challenges and individual Ministers and DeKons requiring supwrt beyond that SUFplied by the nalional church. 18. Analysis of N&t Assets between Funds Unrestricted Restricled Endowment Funds Funds Funds Total Tangible fixed assets Inveslmenls Debtors Deposits Cash al bank Credilois < 1 year 582.437 102,042 582,437 121,156 387,528 267 848,5(X) 4 399,094 {18,3331 164,330 267 845,CKX) 375,164 117,7731 23,0 1560) 1,366,988 710.949 121,556 2,199,493 Analysis for Previousyear Tangible fixed assets Inveslmenls Deblors Deposits Cash al bank Creditors < l year 596,642 93.245 596,642 110, 71 2 354,120 96,955 548,500 400 278,187 (14,626) 150.163 96,955 545,OCKI 251,804 (14,626) 3,500 25,983 1,029,296 T19,370 If1,112 1,859,778 19. Volunteers In Common with all cOngratrOn5 of the Church ol Scouand. Ihe Presbytery benefits from the contribution made by volunteers, including Iruslees. who give their lime and talents willingly for the benefit of the Church. The areas of Presbytery life which rely on the conliibulion of volunteers are many and varied as can be seen from the range of Commillees that exist and much ol the aclivily would be unable lo tonlinue were il not foi Ihe fA)mmitmenl shown. In accordan with Ihe Charitses SORP IFRS 1021, the general volunteer bme is not recognised in the Slalemenl of Finanoal Activities nor is the value ol expenses waived in the course of such conlribulions. 25
Glasgow Presbytery Trustses who served between 1 January 2024 and date of signing report
Glasgow Pre8bytery Trustees who seNed between 1 January 2024 and date ol signing rort 27
Glasgow Presbytery Trustees who SOed between 1 January 2024 and date of signiny report 28
Glasgow Presbytery Trustees who served between l January 2024 and date of signing report 29